The 4 Best Ways to Wholesale Properties in Texas

Buying and selling real estate as an investor is easy, right? Not really. There are many many ways to wholesale properties. We work with many investors looking to buy real estate investment properties in Fort Worth and the surrounding areas. Newbie real estate investors often become overwhelmed at just how much is involved in the process of any real estate transaction. Many individuals get energized and are pulled in to the real estate investing business due to the extensive net revenues you can conceivably make when you learn the business.

When investing in real estate, you have several methods or strategies available… you can rent, rent-to-own, lease purchase, owner finance, wholesale, fix and flip, and many other options as well! Wholesaling is a great alternative to help you learn what makes a great deal, understand the market and develop the negotiation skills necessary for all types of real estate deals.

Here are the top four best ways to wholesale properties in Texas.

Develop a Network of Buyers and Sellers

This might sound like common sense, but too many new wholesalers fear that they are competing with other investors. The reality is, other investors are your best allies in the wholesale process. Not only will a network of other wholesalers, frequent sellers and rehab investors become a good resource for you to find and unload opportunities, they will also be an asset in learning more about wholesaling and investing in general.

Joining a local real estate investment club is one of the best ways to build this network and discover more ways to wholesale properties in Texas and nationwide. Attend meetings and start establishing relationships with those in the immediate and surrounding areas. One of the key benefits of a club is being able to find investors who have or want opportunities just outside of your immediate areas. This could be a valuable group as you expand your business. One of the fastest growing and well-known clubs in the Dallas Fort Worth area is the West DFW REI Group. Check em out and join them for some great networking and education.

Present Buyers With A Plan

Make it easy for a potential buyer to see the value in the wholesale deal. Prepare a detailed market analysis (see our recommended list of market analysis tools here) of the property, the market, and the potential rehab cost (check out the free rehab evaluation software on our resources page here). Make it easy for the buyer to see the return on investment and make a quick decision. Sure, the buyer will want to do his own due diligence but you’ll get more interest in any property by simply having all the details in order.

Think of it this way, a person buying a stock doesn’t usually just go on the word of his stockbroker. He looks at the essential numbers before making a final decision. The key to good sales is being able to answer objections the buyer may bring up. Don’t take any of these objections personally but listen carefully to what they are and learn to address them with a solution. Real estate investors are savvy and successful because they understand how to take any one property to turn a profit. You’ll get a better reputation for wholesaling when buyers know most of the work is already done for them and they simply need to confirm your research.

Get Partners

Real estate investing is often a team endeavor, especially as you start out. Having partners is a step beyond just wholesaling and networking. Partners become an integral part of the deal process. While you might not want to share profits, it makes sense to do this if you can scale up the operation. If you are good at finding distressed properties and have a partner who can present the package to sellers, you both can focus on the areas where you are best suited. This increases your chances of finding and obtaining more properties to wholesale. The more people you know and network with, the more you have your pulse on the local opportunities.

As your business grows and you expand into other areas of real estate investing, the partnership also grows to ease the overwhelming burden of any one transaction. It’s a simple divide and conquer approach with each person great at what they do and focusing on strengths while learning more about their weaknesses.

If you’d like to flip some properties and perhaps want to partner with other investors, why not get in touch with us at (817) 550-5069 Opt# 8 or reach out to us HERE and we might be able to give you some suggestions or even make some introductions.

Invest Back Into Your Business

Making money is priority one. Even though you aren’t investing the big bucks into a real estate rehab, make sure you don’t think that wholesaling has no costs involved. Sure you can keep costs to a minimum, but investing in your company allows you to scale up and build the business in your area.

How do you invest in your wholesaling business? Pay for real estate classes and join investment clubs. Spend money on advertising and presentations. Hire an assistant or a Virtual Assistant to help you maintain a professional image and spend time in the community networking. Wholesalers need to be out and about to know what is going on and find the great deals. Once you have mastered the art of wholesaling, you are better prepared to make your own investments in distressed properties, rehab them and flip them for profit. With these best ways to wholesale properties tips, you’ll know the timelines for success and become a better negotiator when the dollars are bigger and your own.

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Hear What Others Have To Say…

All Wholesale Properties

Working with TMC Property Solutions was the best decision we made. Thanks to Tim and his team at TMC Property Solutions, we were able to stop our house from going to foreclosure and damaging our credit. We had lost our local jobs, accepted a new job out of state, and were in default several months, heading towards foreclosure fast! We did not want to have a foreclosure on our credit for the next several years. Tim was able to create a solution and stop the foreclosure the day before the sale date, even though the house needed some minor repairs. Tim completed everything he said he would and made the process simple and easy to understand. We are very pleased with TMC Property Solutions and their professionalism for helping us stop our house from foreclosure!

We would highly recommend Tim and TMC Property Solutions for anyone needing to sell their house fast to prevent foreclosure or any other circumstances!

Jonathan & Iris A.

All Wholesale Properties

I want to thank TMC Property Solutions for the quick sale of my home. It was a smooth transition with no strings attached. Walked through each step of the process with knowledge of what will take place. Closing wrapped up in about 2 weeks. Check deposited. Freedom from debt. Thanks again for your help!

Marcia (Lisa)

All Wholesale Properties

inherited a property in Granbury Texas and wanted to sell it quick and get the matter resolved. I did not want to have to worry about more costs and expenses. That’s when I decided to reach out to Tim at TMC Property Solutions. Thanks to Tim, Erika and his team at TMC Property Solutions, they were able to help me and take over my payments on my house with no hassle. Tim completed everything he said he would and made the process quick, simple and easy to understand. I am highly satisfied with TMC Property Solutions and their professionalism for helping me get through my situation. I’m also thankful for Tim taking the time to explain the process, which was very simple, for taking the time to answer my questions, and to help support me and my needs. I would highly recommend TMC Property Solutions for anyone needing to sell a house fast!

Bill

All Wholesale Properties

My wife and I purchased our new home recently. Closing on our new home was a catastrophe, it took 12 weeks!!! Although this was completely due to the finance company, we did not want to chance another drawn out affair and the thought of making house payments on a home we did not live in until it sold was troubling. I had seen Tim’s truck from TMC Property Solutions around town so I called him out of the blue. He quickly responded to me with several offers and we came to an agreement on the spot. There was always an open line of communication and we were kept updated at all times. After the first meeting we closed in short order. I feel that Tim along with the work of his very pleasant team saved us several thousands of dollars that we would have spent on mortgage payments, electricity, water, taxes, etc. TMC Property Solutions comes highly recommended from us.

Jim and Lee R

All Wholesale Properties

Recently my wife and I purchased our dream home. After a series of life circumstances we could no longer afford to keep up and soon fell behind on our mortgage payments. We were headed to foreclosure but thanks to Tim and his team at TMC Property Solutions, they were able to helps us avoid foreclosure and sell our house very fast. Tim made it amazingly easy to understand the process from start to finish and then completed everything he said he would, in a very short time. We are very pleased with TMC Property Solutions and their professional service, Tim’s team went well above in keeping me informed on everything and since I was out of state they did everything possible to make this process as headache free as possible. Tim took the time to help support our family and our needs. We highly recommend TMC Property Solutions for anyone needing to sell a house fast!

We are the premier Fort Worth house buyer, offering deeply discounted deals all across the metroplex. We either own or have all houses under contract listed on our website. All properties are sold for cash or hard money. It is the buyers responsibility to do your own due diligence and verify all information before signing our contract. We are happy to provide COMPS on any of our deals if needed. Prices are NET to seller with buyer paying ALL closing costs. Opinions of current or future market value / rents are given as a courtesy and no guarantees are expressed or implied. Our properties move fast so contact us NOW if there is a property you want to purchase before it’s gone. We look forward to doing business and making a lot of money together.

P.S. Be sure to visit our Investor Resources page often for the latest and greatest tools to help you grow your business and be sure to join our buyers list to receive notice of our deals.